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Magenta Lifecare Limited IPO Date, Price, Review and Details

 

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Magenta Lifecare Limited IPO

June 05, 2024 - June 07, 2024 Closed

Magenta Lifecare Limited IPO

Magenta Lifecare Limited IPO makes foam products like mattresses and pillows under their brand “Magenta” in India. Their range includes various mattresses such as memory foam, latex, bonded, and pocketed spring, as well as different types of pillows like memory foam, molded memory foam, and molded contour foam. They believe their success comes from the high-quality products they offer to customers in retail, hotels, and institutions. Focused on innovation, they constantly develop new products with the help of their team. For example, they added green tea, bamboo charcoal, herbal, and pet bed mattresses to their product line.

Company Promoters:

  • Divyesh Modi
  • Khyati Modi

Objects of this Issue:

  • Funding their working capital requirements.
  • General corporate purposes

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 30 March 2022

As on 31 Mar 2021

Total Assets

1415.60

1415.60

1459.78

Total Liabilities

1065.72

1,212.25

1,207.05

Net Profit

24.55

18.89

19.43

Magenta Lifecare Limited IPO Schedule

1.     Bid or Offer Opens on: 05 June 2024
2.     Bid or Offer Closes on: 07 June 2024
3.     Finalization of BoA: 10 June 2024
4.     Initiation of Refunds: 11 June 2024
5.     Credit of shares to Demat account: 11 June 2024
6.     Listing Date: 12 June 2024

Magenta Lifecare Limited IPO Lot Size

The market lot size of Magenta Lifecare Limited IPO is 8,000 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  4000

₹140,000

Maximum

1

  4000

₹140,000

S-HNI(Minimum)

2

  8,000

₹280,000

Company Contact Details:

N P Patel Estate, A & T Padamla,

Vadodara – 391350, Gujarat, India.

Phone: +91 7573022234

Email: info@magentalifecare.com

Website: https://www.magentamattresses.com

 

Magenta Lifecare Limited IPO Registrar Details:

CAMEO CORPORATE SERVICES LIMITED

No. 01, Club House Road, Mount Road, Chennai- 600002, India.

Telephone: 044 4002 0700

Email: ipo@cameoindia.com

Website:  www.cameoindia.com


Frequently Asked Question

Pre-issue shareholding of the Magenta Lifecare Limited IPO promoter is 84.06%.
Lot size of the Magenta Lifecare Limited IPO is 4000 shares.
If you do not get the allotment of on Magenta Lifecare Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Closing date of Magenta Lifecare Limited IPO is June 07, 2024.
The meaning of " Magenta Lifecare Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of sMagenta Lifecare Limited IPOon the current day.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in quest laboratories private limited using any neatest method at your convenience.
Magenta Lifecare Limited IPO share price ₹35 per share.
Magenta Lifecare Limited IPO share price Shares will be listed at BSE SME.
You will receive on Magenta Lifecare Limited IPO shares in your Demat account on June 10, 2024, if allotted.
Opening date of Magenta Lifecare Limited IPO is June 05, 2024.
Investing in an IPO carries risks such as market volatility, company performance, and economic conditions. It is important to read the prospectus and understand the risks before investing.
Allotment is based on the demand for the shares. If the IPO is oversubscribed, shares are allotted on a proportional or lottery basis.
Magenta Lifecare Limited IPO shares will get listed on June 12, 2024.
Post-issue shareholding of the Magenta Lifecare Limited IPO promoter is 59.59%.
The face value of Magenta Lifecare Limited IPO is ₹10 per share.
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